Interchange Financial Services Corporation Declares Quarterly Cash Dividend
20 Juli 2005 - 4:08PM
Business Wire
On July 19, 2005, Interchange Financial Services Corporation
("Interchange"), the holding company for Interchange Bank, declared
a quarterly cash dividend of $0.09 per common share payable on
August 19, 2005, to holders of record as of August 1, 2005. This
dividend represents $0.36 per share on an annualized basis. Based
upon the closing price of the stock as quoted on July 19, 2005, of
$19.10 the yield is 1.88%. About Interchange Financial Services
Corp. Interchange Financial Services Corporation (NASDAQ:IFCJ)
wholly-owns Interchange Bank, one of Bergen County's largest
independent commercial banks. A thought leader in the industry, the
Bank was among the first to implement a broad range of innovative
services, including 24-hour, 7-day-a-week online banking and bill
paying services, online stock trading, and the ability to apply for
a loan online with an instant credit decision. Mutual funds and
annuities are offered by ICBA Financial Services, through the
Bank's investment department. With $1.5 billion in assets and 30
branches, the Bank focuses its efforts on the local communities
from which it derives deposits and generates loans. Through
Interchange Bank's subsidiary, Interchange Capital Company, L.L.C.,
cost effective equipment leasing solutions are available to small-
and middle-market companies. For additional information, please
visit the company's Web site at www.interchangebank.com. "Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Interchange
Financial's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report or Form 10-K for the most recently ended fiscal year.
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